Hosted by Ian & Bernadette Lloyd on the 4th Thursday of every month at the Village Hotel. Attendees can expect first class speakers and great networking opportunities.
Registration opens at 6pm.
pin Blogs ARE LIVE!
Your regular dose of property insights written by Simon Zutshi
your bi-weekly dose of property insights written by Simon Zutshi
pin Blogs ARE LIVE!
your bi-weeky dose of property insights written by Simon Zutshi
your regular dose of property insights written by Simon Zutshi
Swansea May 2019 Meeting
From ugly duckling to beautiful swan - Garfield Reece
At this month's pin meeting Garfield will share the true story about the ugly side of refurbishing an old building into a HMO (House of Multiple Occupation) and his learning on the flowerpot project
Garfield has over 30 years’ experience in the construction industry. His early skill was as a carpenter; following his apprenticeship he moved into construction engineering then project management.
He has extensive experience in commercial building, building new houses, refurbishment and concrete structures. His core skills include project management, mechanical, electrical, building engineering and commercial awareness.
In practice, Garfield has managed construction projects value ranging from £200K to £15million. Garfield attained a Construction Engineering and Management degree from Westminster University, London.Since 2014, Garfield has been investing in properties full time and has a multi-million pound portfolio.
During his presentation you will learn:
- How refurbishing older can affect your cost plan
- Dealing with building defects
- Why it’s important to plan the location of services
- How adding exceptional value can help to get all monies out
ALSO...Incorporating without refinancing and other taxation strategies - Mark Smith
• Are you a hands-on landlord looking to counter the effects of loss of finance cost relief?
• Do you want to get your business into a company structure without having to refinance your current lending?
• Do you want to pass on as much of your business as you can whilst minimising the effects of IHT?
• Do you want to maximise your personal tax allowances?
If you are a property rental business, working 20 hours or more in an average week, and sharing income and expenses in common with another (eg spouse) then you could well be eligible for incorporation into a limited company, without having to refinance your current lending and with rollover relief on capital gains and exemptions from Stamp Duty. This would give your business full relief from finance costs, as well as a whole range of other opportunities for equity release, income maximisation and succession planning.
Mark Smith is a barrister well-known in the private rented sector. He led the legal team that recovered £27million of unlawfully charged mortgage interest from West Bromwich Building Society in 2016 on behalf of 6200 landlords (Mark Alexander v West Bromwich).
In association with Property118, he has designed robust strategies to allow rental businesses to incorporate without refinancing, and over 100 businesses have successfully done so to date from the introduction of the BICT in November 2015.